Automatic Data Processing (NASDAQ:ADP) Upgraded at Dbs Bank

Dbs Bank upgraded shares of Automatic Data Processing (NASDAQ:ADP) to a hold rating in a report released on Thursday morning,Zacks.com reports.

Several other analysts also recently commented on the stock. Morgan Stanley raised their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. TD Securities raised their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a “hold” rating in a research note on Wednesday, May 21st. Stifel Nicolaus raised their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. UBS Group cut their target price on shares of Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating for the company in a research note on Friday, June 13th. Finally, BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and a consensus target price of $317.00.

Automatic Data Processing Stock Up 1.0%

Shares of ADP stock opened at $307.95 on Thursday. The company has a market capitalization of $124.73 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.82 and a beta of 0.81. Automatic Data Processing has a one year low of $267.79 and a one year high of $329.93. The company’s fifty day moving average price is $305.10 and its 200-day moving average price is $305.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts expect that Automatic Data Processing will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.0%. Automatic Data Processing’s payout ratio is currently 61.72%.

Hedge Funds Weigh In On Automatic Data Processing

A number of large investors have recently made changes to their positions in ADP. Activest Wealth Management boosted its stake in shares of Automatic Data Processing by 2,600.0% during the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after purchasing an additional 78 shares during the period. Harbor Asset Planning Inc. purchased a new position in shares of Automatic Data Processing during the 2nd quarter worth about $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in Automatic Data Processing during the 2nd quarter valued at about $26,000. Howard Hughes Medical Institute bought a new stake in Automatic Data Processing during the 2nd quarter valued at about $27,000. Finally, Solstein Capital LLC bought a new stake in Automatic Data Processing during the 2nd quarter valued at about $28,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

About Automatic Data Processing

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.